 | From: Titanium (Rep: 149) | Date: 2011-10-31 10:14:05 | | Forum: Pinks and BB - Thread #673316406 - List HEVV.PK msgs | Msg #60920 - Part 1/11 (Rec: 0) | | HEVV big company down big going in here. |
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| From: Titanium (Rep: 149) reply to Titanium | Date: 2011-10-31 11:33:26 | | Forum: Pinks and BB - Thread #673316406 - List HEVV.PK msgs | Msg #60932 - Part 3/11 (Rec: 0) | Bidders pushing this up, imo this afternoon = short buyers rally
 Reply to Titanium - Msg #60925 - 10/31/2011 10:54
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| From: Titanium (Rep: 149) reply to Titanium | Date: 2011-10-31 13:06:34 | | Forum: Pinks and BB - Thread #673316406 - List HEVV.PK msgs | Msg #60937 - Part 4/11 (Rec: 0) | 22 minutes ago
"Statement From U.S Department of Energy
This is one of 30 new advanced battery and electric vehicle component plants that the Administration has invested in across the country, creating the potential for tens of thousands of direct and indirect jobs. The U.S. will have increased our capacity to produce electric-drive vehicles batteries from virtually zero in 2008 up to 500,000 per year in 2015. These investments are building domestic capacity for manufacturing advanced technology vehicles and components - helping to ensure the U.S. remains a leader in a fiercely competitive global automotive battery market that was recently estimated to reach more than $14 billion in revenues by 2017 and in which other governments are investing heavily.
EnerDel, whose parent company is Ener1, received a grant - not a loan - through the Recovery Act for $118.5 million to expand an existing battery manufacturing facility and upgrade its equipment and build a new facility with new equipment. The project has received broad bipartisan support and to date has progressed according to schedule and on budget. EnerDel is to provide a 50% cost share, or $118.5 million of their own funds, for a total project value of $237 million.
The Department is closely monitoring the status of the company. So far $55 million of the grant has been paid out to EnerDel. Any additional funds received from the government would need to be matched dollar for dollar with their own investment."
Reply to Titanium - Msg #60932 - 10/31/2011 11:33
Bidders pushing this up, imo this afternoon = short buyers rally
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| From: Titanium (Rep: 149) reply to Titanium | Date: 2011-10-31 13:06:54 | | Forum: Pinks and BB - Thread #673316406 - List HEVV.PK msgs | Msg #60938 - Part 5/11 (Rec: 0) | here comes turnaround FYI!
Reply to Titanium - Msg #60937 - 10/31/2011 13:06
HUGE = Ener1 expansion on schedule and on budget 22 minutes ago "Statement From U.S Department of Energy This is one of 30 new advanced battery and electric vehicle component plants that the Administration has invested in across the country, creating the potential for tens of thousands of direct and indirect jobs. The U.S. will have increased our capacity to produce electric-drive vehicles batteries from virtually zero in 2008 up to 500,000 per year in 2015. The... Full Message |
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| From: Titanium (Rep: 149) reply to Titanium | Date: 2011-10-31 13:43:23 | | Forum: Pinks and BB - Thread #673316406 - List HEVV.PK msgs | Msg #60939 - Part 6/11 (Rec: 0) |
By appearances they are under-utilizing those funds. NOT A LOAN BUT A GRANT!!!!!!
The meaning that I read therein, considerable money available on the basis of each dollar put forth by Ener1 wins a dollar of grant money. Is this at all possible? If it is (and it sounds too good to be true)
Ener1 can borrow from private investors, and contibute those borrowed funds within the grant confines thereby earning a dollar in grant money, which then I presume PAYS DOWN THE NEW DEBT?
If true this is set to move up in a very unbelievable way. We'll see.
Reply to Titanium - Msg #60938 - 10/31/2011 13:06
here comes turnaround FYI!
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 | From: stephen1205 (Rep: 97) reply to Titanium | Date: 2011-10-31 13:47:12 | | Forum: Pinks and BB - Thread #673316406 - List HEVV.PK msgs | Msg #60941 - Part 7/11 (Rec: 0) | Re: "The Department is closely monitoring the status of the company. So far $55 million of the grant has been paid out to EnerDel. Any additional funds received from the government would need to be matched dollar for dollar with their own investment."
Where does the matching investment come from? Do they have matching funds on hand or will they need to raise it through dilution? Just wondering. Not in yet.
a group effort brings prosperity to all.
Reply to Titanium - Msg #60939 - 10/31/2011 13:43
Re: pg. 9 ABMI grant money By appearances they are under-utilizing those funds. NOT A LOAN BUT A GRANT!!!!!! The meaning that I read therein, considerable money available on the basis of each dollar put forth by Ener1 wins a dollar of grant money. Is this at all possible? If it is (and it sounds too good to be true) Ener1 can borrow from private investors, and contibute those borrowed funds within the grant confines thereby earning a dollar in grant money, which then I presume PAYS DO... Full Message |
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| From: Titanium (Rep: 149) reply to stephen1205 | Date: 2011-10-31 13:57:51 | | Forum: Pinks and BB - Thread #673316406 - List HEVV.PK msgs | Msg #60944 - Part 8/11 (Rec: 0) | imo they will find the investment $ to shore up debt with Grant
Reply to stephen1205 - Msg #60941 - 10/31/2011 13:47
Re: "The Department is closely monitoring the status of the company. So far $55 million of the grant has been paid out to EnerDel. Any additional funds received from the government would need to be matched dollar for dollar with their own investment."
Where does the matching investment come from? Do they have matching funds on hand or will they need to raise it through dilution? Just wondering. Not in yet.
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| From: Titanium (Rep: 149) reply to stephen1205 | Date: 2011-10-31 14:46:57 | | Forum: Pinks and BB - Thread #673316406 - List HEVV.PK msgs | Msg #60958 - Part 9/11 (Rec: 0) | expecting .20 over next cpl days.
Reply to stephen1205 - Msg #60941 - 10/31/2011 13:47
Re: "The Department is closely monitoring the status of the company. So far $55 million of the grant has been paid out to EnerDel. Any additional funds received from the government would need to be matched dollar for dollar with their own investment."
Where does the matching investment come from? Do they have matching funds on hand or will they need to raise it through dilution? Just wondering. Not in yet.
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| From: stephen1205 (Rep: 97) reply to Titanium | Date: 2011-10-31 14:56:05 | | Forum: Pinks and BB - Thread #673316406 - List HEVV.PK msgs | Msg #60961 - Part 10/11 (Rec: 0) | man-o-man sure good to have you around this board! thanks for the push. Re: now at .113 buy at .103 looking really good here.
a group effort brings prosperity to all.
Reply to Titanium - Msg #60958 - 10/31/2011 14:46
now at .113 buy at .103 looking really good here.
expecting .20 over next cpl days.
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